As first reported by Jon Heyman, the Yankees and Chase Headley have agreed to a 4-year contract. The deal is worth $52 million with reports of bonus escalators also included.
There was reason to expect this signing would come quickly on the heels of Cash's very upfront comments last night. Headley represented the best remaining positional FA and very much fills a position of need. With him coming back to play third, Martin Prado will presumably move over to second base and A-Rod will be mostly a DH.